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Dinar first - We’re still in the same situation as late last week (did you notice I did a drive-by follow-up to my analysis here?) - Abadi is moving forward “as-if” the elections were over, and that’s a good thing. Its NOT a good thing for those of you that want an RV by Friday, because it’s pretty apparent that we’re a couple short weeks away from an official announcement of the next complete GOI.

All things hinge on GOI right now… wrap that up, then we have a clear path to HCL, and then, dare I say “suddenly”?

The news can be overwhelming, so just take a minute to read a couple articles here:

That should get you caught up.

This 2 week timeline ties in very nicely with another topic that is very close to my interests… cryptocurrency!

Crypto is certainly getting fun again. BTC is up about 10% over the last 24 hours following a barrage of positive news in/around the cryptosphere. I personally don’t spend a lot of time “day trading” pretty much anything, but I do have a solid network of people that have been making an absolute killing over the years just buying the dips and selling for profit… and they are barely able to formulate full sentences with all the excitement bubbling out of them right now!

If you ever needed yet another reason to get in our VIP group here, crypto news and discussion is definitely on the list now and is poised to move MUCH higher in all of our newsfeeds. This is something you really do NOT want to wait until it’s “too late” to get involved with… hop over to the crypto section in VIP now and get involved!

Adam - Do you think the current riots in southern Iraq will affect the timing of an RV?

Another day, another riot... I don't think it's significant in the big picture. Concerning, at least in a humanitarian sense? Of course. But revaluing a world currency is an event of incredible magnitude that makes those riots look like a small brush fire with no chance of doing more than taking out an old barn.

15 hours ago, peace1221 said:

I’m ready for good positive news, whatcha got for us?

No news is good news, at least sometimes... we're on the right track!

14 hours ago, jg1 said:

Did Iraq have a reverse LOP/Neutral event, Way back when they printed new currency for Iraq, added zeros to the currency, and moved the decimal point over a few digits on the value.

Their money is not worthless. When they exchanged their money in, say 1 dinar, they got back alot more dinar notes with more zeros but with less value. Sounds like the opposite of a LOP to me. Please don't throw me in the LOBSTER TANK. Thank you.

I wouldn't call that a lop - it was a devaluation. Their currency, and their "stock" in the world, simply lost value. A revalue upwards will simply recapture that value.

Not all of it. But a significant amount. And that's why we are here.

3 hours ago, olivesman said:

Could you text me, PLEASE?

My finger is on the button!!!!!

2 hours ago, renomac said:

As Oil Prices are going down thru $68.00 could this inspire Iraq to RV and make profits on the RV ? ? ?

$68 is still higher than the $50 they were at, and that price is well within what Iraq needs to be well oiled and smooth running.

Mid $70 ppb prices do not bother me at all!

2 hours ago, pokerplayer said:

I am still puzzled by the loans Iraq keeps getting. Is this a possible Indicator that an RV/RI is a little further away than we/I suspect ? If all it would take is an RV than why the loans ?

pp

I don't think so. I think they are going to keep taking these freebie loans as long and as much as possible, especially pre-RV. Post-RV, their "eligibility" will be different, but it will not affect their repayment obligations. I call that "smart business".

=======================

That's it for now my friends... stay grounded, stay positive, and GO RVVVVVV!!!!

September 11 is always a tough day for me personally... Like many of you, I remember exactly where I was. What I felt. How deeply I and my fellow Americans and indeed the world were affected on that day.

As important as the Iraqi Dinar RV is to many of us, I simply could not bring myself to post anything other than my heartfelt remembrance yesterday. My heart, prayers, and thoughts will always be with the many who were affected on that day years ago - but today is a new day, and while I/We will never forget... we must move forward.

As we move forward, to the present day, where so much has changed and yet so much has not, there is another situation that is taking a lot of my time right now - the devastation left by Hurricane Dorian, particularly in the Bahamas. I've been personally involved with some relief missions over the last week, and I'm continuing to work with a couple of groups that are dedicated to helping the Bahamians long after this current disaster is out of the News. This community has came together in the past to accomplish some amazing things (remember TFYC for Dominica?), and I have confidence that I'll be able to reach out for your support in a couple weeks when I've solidified some things I'm currently working on. Just like our relief efforts for Dominica, I will be personally ensuring that any dollars this group donates will be put to the most efficient possible use, with 0 waste.

On to the Dinar!

WTI OIL is currently at 54.94 - I don't think I've ever seen an easier chart to read. This is what we call "stabilized":

It's been some time since this came up in the news, but I believe it was about 5 months ago I made mention of Saudi Arabia working on playing nice with Iraq again... and what they have to gain by doing so. Saudi Arabia couldn't be bothered to give Iraq the time of day 10 years ago... now, they are changing their tune:

Other news that's positive - CBI, IMF, GOI are all active. We are not in one of those vacation-day lulls. Overall, it looks like things should start moving... right in time to hit a mid-September spurt.

That's it for now! Stay positive, stay safe, be well everyone, and of course

Our hearts go out to those affected by Hurricane Dorian. Although it ended up being a much smaller disaster than it could have been - the weather over the last week has still been disastrous to many.

The people of the Bahamas have been hit hard. Seriously, folks...

Anyone wishing to help may want to take a look at this page: https://www.bahamas.com/relief

On to Dinar!

I'll start with the basics. OIL has flattened out around $56. This is key to the coming weeks, where HCL is expected to be a key topic. If OIL was going nuts, we couldn't expect any solid HCL progress.

Next - delays, holidays, corruption, oh my!

I can't help but notice occasionally as I'm reading the news out of Iraq that people tend to get bent out of shape when they see words like those. There are times when I read the news and I think "this isn't going to help" - but there are other times when we can see a story and even though it uses the words "delay" or "holiday" or (*insert anything here), that doesn't mean "all is lost".

I think it's more important to have a "big picture" mentality. If you adopt that, you'll realize that the more news we are seeing about "Oil and Gas", which is precisely the topic we want to hear about... the more we hear about it, the more we are going to see the words "delay", "issues", etc.

My point is that if we are hearing those words more than we usually do... this is actually a GOOD thing.

It means they are paying attention, my friends. It means they are actually working on the important stuff.

That's enough to make me happy on this particular Wednesday.

Cheers, to getting closer to the last time we care about how much they mention their "holiday" schedule!

Hello everyone, thanks for tuning in. Sometimes I can hardly wait to get to work on the weekly update - and most of those times, life just gets in the way. Like this week

The following was posted Friday (cheers @yota691), and it’s the start of the news I recently mentioned I want to see:

The topic at hand is quiet simple - OIL. The above article (and the handful of posts that followed it) weren’t necessarily about the “price” of oil, but the contents are certainly affected by the price of oil.

Let’s dive into that a little - earlier this year, I personally set a target of $60 (WTI) that I felt was necessary before Iraq would feel confident enough to start moving on a significant change in the exchange rate. (“RV” is short for “ReValuation”, which will be a significant change in the exchange rate… for those of you new to the situation )

We saw almost no HCL news prior to the $60 mark, and then it started to come out in the news. That meant the Iraqi Parliament was working on items that are necessary to accomplish a finalization, and that is a key component to the RV.

Back to OIL, the WTI, and the news articles that correlate… take a peek at this super high-tech graphic:

This WTI chart shows the approximate time WTI hit $60, and we know that OIL news had been scarce in the time prior to that. Articles related to HCL started popping up. The price of OIL actually went up too high, in my opinion, because once it dropped off - so did the news articles related to HCL.

A lot of things contribute to the price of OIL, the world economy, and everything else that can have an impact on when Iraq decides to raise the value - this is just one of those things, but I believe it is a major component.

Now that we’re seeing a bit of stability return, and the price resuming a possible upward trend, we have the previous articles and also this:

Lots of people are saying September is looking good. I am leaning toward agreeing.

You know anytime the Gurus start harping on the "800" numbers, the news is slow. This time is no different... we've heard nada about anything HCL related in about a week.

Bad news - we haven't heard anything HCL related.

Good news - once we DO hear something about HCL, I think it's going to be an avalanche.

That's it for the briefing! Told you it was going to be brief

Good vibes over in the "Go Iraq" thread - I'd suggest hanging out with that crowd rather than the rest of the dinar rumors section, but that's just me.

Cryptocurrency is a topic of major interest to many of the members here... we have a dedicated section in the VIP area for it, but let's open this weekly update thread up for anything you want to say regarding crypto. BTC is currently at 10,400 ish, which is the current high for the day. Some pretty interesting news for crypto is on Baakt:

Last week we had some good comments - let's keep that going this week.

We are at the end of Eid al-Adha, but that's not a holiday that brings business to a complete screeching halt like Ramadan. There is a lot of movement regarding the HCL, like the article below... I feel like handing out some awards this morning!

Two trophies go to @DinarThug - one for the hilarious crypto related GIF,

... and the next for a solid HCL related article:

@Pitcher takes a medal for the solid GOLD post:

This Iraqi dinar RV really looks like it's in the final stages, like the last swirling bits of something being poured through a funnel.

In your opinions, what's upcoming on the Iraqi RV schedule?

Comment below and let's hear what the group has to say on important upcoming events... there aren't many left.

GOOO RRRRVVVV!!!!

- Adam

P.S. If you subscribed to the brew's free newsletter, you'd already know about this salmon cannon... nothing makes my morning (check out the first response to that tweet) like some unnaturally flying fish!